News and Blogs: Wednesday, November 19, 2008

5 Money Mistakes in a Bad Economy. Here are the mistakes: continuing to use credit cards, withdrawing or taking a loan from your retirement funds, paying for college without loans, grants, or scholarships, neglecting to invest, and taking home-equity loans.

Bid to Ban Sale of Obama Tickets. Tickets to presidential inaugurations have always been free, but demand for the ability to attend Barack Obama’s ceremony early next year is so high that people are willing to pay tens of thousands of dollars for the opportunity to go. Congress is working to make the sale of these tickets illegal and to penalize those who attempt sell the tickets with a $100,000 fee or a year in jail. Those who live in the Washington, D.C. area stand to make more money by offering their homes and backyards to visitors in exchange for a rental fee.

Consumer Prices Fall Record 1% as Energy Plunges. Thanks to the sharp decline in gas prices, the overall CPI dropped the more in one month than it has since the data were recorded. That’s good news in the short term, resulting in lower expenses for consumers, but could be a problem for businesses when profit margins are already thin.

Last Minute Gift Ideas and Shopping Tips For Holiday Procrastinators. I find myself running around at the last minute as the holidays draw near. Here are some ideas for gifts for those people for whom you might not know how or what to buy. I would stay away from gift cards this year. There’s always a chance your favorite store could have a hard time this year. In the past, stores that enter bankruptcy have not always accepted gift cards.

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Thanks for the link love! That Vanguard offering is intriguing. I should check it out too! As for holiday shopping — why does Christmas always have to creep up behind us and catch us so unexpectedly ;) ?

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About Luke Landes

Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke has contributed to PC World Magazine, US News, Forbes, and other publications. Read more about Luke and about Consumerism Commentary.

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